Holta Invest announces the acquisition of MPT Sweden AB
MPT (Metal Powder Technology), an Ekshärad, Sweden-based company specialized in the production of metal powders for the welding, hard-facing and steel industries, announced getting into an agreement with Holta Invest to become new major shareholders in the company.
Holta Invest will acquire MPT Sweden AB from CapMan Buyout and and Klier Invest AB for an undisclosed amount of money. MPT was bought by CapMan in 2009.
The purchase reasoning for Holta is that MPT will fit into the group's metal activities in the Nizi International Group. One of the companies in the Group, Chemalloy, is a leading supplier of specialty metal powders to the North American welding industry and the acquisition of MPT is an important step in the strategy of transitioning the Nizi Group towards more value-added services for the customers
MPT, led by CEO Daniel Styrenius, is the global leader in its business niche and exports its products throughout the world. The company employs a total of 23 persons with a turnover of EUR 33M in 2017.